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Possible replacement for rare earths in magnets found

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Scientists may have discovered a method for making magnets used in wind turbines and electric cars without the rare-earth metals that are almost exclusively produced in China.

A team from the University of Cambridge and colleagues from Austria found a new way to make tetrataenite, a possible replacement for rare-earth magnets, according to a research paper from the university. If the manufacturing process is proven to be commercially feasible, it could loosen China’s dominance of the rare-earth market where it accounts for over 80% of global supply.

US President Joe Biden earlier this year backed efforts to boost output of the critical materials, while the European Union’s foreign service this month said the bloc should diversify supply chains, including for rare-earth metals, away from China. In 2019, the Asian nation warned it could cut exports to hit back in its trade war with Washington.

It could be possible to produce tetrataenite, an iron-nickel alloy, at scale by adding the common element phosphorous, the researchers found. Previously, making tetrataenite — whose magnetic properties approach those of rare-earth magnets — in the laboratory relied on impractical methods, they said.

The researchers are hoping to work with major magnet manufacturers to determine whether tetrataenite could be suitable for high-performance magnets.

“Rare earth deposits exist elsewhere, but the mining operations are highly disruptive: you have to extract a huge amount of material to get a small volume of rare earths,” Lindsay Greer from Cambridge’s Department of Materials Science & Metallurgy, who led the research, said in the paper. “Between the environmental impacts and the heavy reliance on China, there’s been an urgent search for alternative materials that do not require rare earths.”

Mining Weekly

Total Eren in talks with Karo for 300MW solar plant at new platinum mine

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Tharisa is in talks with French energy company Total Eren for a 300MW solar plant for Karo Platinum, a new mine being developed near Selous.

Land has been allocated for the solar farm and the company will feed excess energy into the national grid, Karo MD Bernard Pryor says.

“We have already allocated the land, just the other side of the main road from our processing plant. They will generate that power and sell that into the national grid. We will have a wheeling arrangement where we can buy it back off the grid at the beneficial rates of solar power generation, which are lower than current power prices that we would otherwise get from the grid,” says Pryor.

Karo’s processing plant will need 30MVA, and the excess power generated will be sold into the grid.

Karo is investing US$391 million to develop the mine, which will produce a projected 194,000 ounces of platinum per year.

Earlier this year, Tharisa signed a separate MoU with Total Eren and its partner Chariot for 40MW of renewable energy for Tharisa’s mines in South Africa.

Last year, Total Eren, part-owned by energy giant TotalEnergies, signed a three-year deal with Chariot to jointly develop renewable energy projects for mining customers in Africa. Total Eren currently operates solar plants in Egypt, Burkina Faso and Uganda.

Total Eren and Chariot have also recently agreed to develop 430MW of green power projects for First Quantum Minerals in Zambia.

While Zimbabwean mining is expanding, ZESA does not have enough power to meet demand, curtailing growth. ZESA boss Sydney Gata has said he has applications for an additional 2100MW from miners alone, almost double what ZESA is currently producing in total.

Karo is the latest in a string of mining companies in Zimbabwe installing their own energy. Zimplats is building a 200MW plant, while French renewable energy firm Voltalia is close to completing a 12MW solar power plant at Blanket Mine in Gwanda. RioZim has also announced plans to build solar plants to feed its gold mines.

“By 2023, we will have over 600MW of power from projects undertaken by the mining sector,” says Mines Minister Winston Chitando.

‘RioZim not in distress despite mine closure’

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Diversified miner, RioZim, has dismissed the proposition by a workers’ union to place the company under corporate rescue, a form of local bankruptcy protection, saying the company is not “financially distressed” and at any time, can pay its debts.

RioZim general counsel Tawanda Chiurayi wrote to the Zimbabwe Diamond and Allied Minerals Workers Union (ZDAMWU) RioZim, despite the recent placement of its key gold mine, Dalny under care and maintenance, other mining operations remained viable.

Earlier on, ZDAMWU secretary general Justice Chinhema, had threatened to apply for corporate rescue, arguing the ZSE-listed miner was in distress and struggling to pay workers.

Chinhema said, “any mine that fails to pay its workers or that fails to operate in terms of the law to the extent of affecting communities that survive through them will be inviting corporate rescue, which is meant to resurrect failing entities like RioZim.”

RioZim, however, said any suggestion of placing the company under corporate rescue was reckless.

“The company is not financially distressed and at any given time, has the capacity to pay its current debts as they become due and payable within the immediate ensuing six-month period,” Chiurayi said.

“Please note that all salaries payable in Zimbabwe dollars for the month of August 2022 have been fully paid to your members and other employees. The majority of the US dollar salaries have also been paid till August 2022.”

He said production within the group has in the third quarter of 2022 improved, compared to 2021 and the first half of 2022. The company has also implemented a plan that has seen chairs improved gold production at Cam and Motor, Renco and Murowa.

RioZim said the decision to place Dalny under care and maintenance, came after the mine posted heavy losses during the past 18 months. Dalny in the Chakari mining district near the town of Kadoma incurred a big loss of nearly US$8 million and produced only 3kg of gold during the first quarter of 2022.

In the six months to June 2022, about 8kg of gold was produced at the mine against 105kg produced during the same period last year when the mine was fully operational.

Placing the mine under care and maintenance was to avoid an overall “negative impact on the group’s overall performance”.

RioZim said Dalny Mine suffered from unsustainable low grades from its pits, which resulted in the mine suspending operations.

Its underground shafts are currently flooded and will require an extensive dewatering exercise to bring them to mineable conditions.

Chiurayi said RioZim was set to ramp up gold production at Cam & Motor in Kadoma after some challenges experienced during the early stages of commissioning the Biological Oxidation plant were resolved. RioZim invested US$50 million in Cam & Motor and commissioned a US$17 million BIOX to support this investment.

Biological oxidation is the latest technology that ensures better processing of gold ores with high sulphur content. Ores at Cam and Motor Gold Mine contain high sulphur
concentrations and increase cyanide consumption during the leaching process.

The technology uses bacteria to reduce sulphur content before cyanidation. The BIOX plant is one of the key projects expected to get the firm’s turnaround strategy back on track.

“The group invested US$50 million in order to commence and improve production to ensure the mine remained operational,” Chiurayi said.

“You will appreciate that while once the oxide ores ran out, the company had the option of closing Can and Motor and retrenching the workforce. Instead, it took a hard decision of building the BIOX plant so that there would be continued employment for your members and others as well, Chiurayi added.

“With this rather thoughtless action (calling for corporate rescue), you indeed rather jeopardised the future of the company and of the people whose people you profess to take care of. The company has been recently capitalised with the principal shareholder having brought in funds from outside Zimbabwe which has helped the company retool.

During the first half of the year, gold production declined by 30 percent to 393kg compared to 564kg achieved in the same period in the prior year.

The subdued production was mainly attributable to low output at Dalny during the periodcoupled with under capacity utilisation at Cam & Motor after discontinuance of the one step operation to pave way for the resumption of mining  activities at the mine.

 

Business Weekly

Hwange Unit 7 commissioning to end load shedding – Minister

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ZIMBABWE expects to end load shedding soon as it prepares to officially commission the 300 megawatts Hwange Power Station’s Unit 7 extension next month.

Energy and Power Development Minister, Soda Zhemu, told Parliamentarians on Thursday that the prevailing supply deficit of between 250 and 300 megawatts would be filled by Unit 7.

“Presently, the electricity deficit is between 250 and 300 megawatts and that is causing the load shedding during afternoon and evening peak,” he said.

Hwange Expansion Power Project

“We expect this to be a thing of the past as soon as one of the units starts working.Load shedding is soon going to come to an end.

“The other unit which we expect to be operational in March or April next year, is going to produce another 300 megawatts. Government is also giving us the opportunity to phase out all the recurring problems.”

Minister Zhemu said as soon as Units 7 and 8 are functional, there will be a need to rehabilitate other units, which are Units 1 and 6.

“Right now we are checking on what needs to be done in these units and we call that detailed project reports.

“If we complete refurbishments, we will be able to produce the installed capacity of 900 megawatts,” he said.

The Hwange expansion project is being financed to the tune of US$1,4 billion and construction began in August 2018 following a ground-breaking ceremony by President Mnangagwa.

Meanwhile, the Government through the Zimbabwe Energy Regulatory Authority (Zera) is encouraging high energy consumers to produce their own power.

“For those companies with machinery that uses a lot of electricity, THE Zimbabwe Energy Regulatory Authority (Zera) is offering them licences to have their own solar power stations so that they can produce their own electricity,” said Minister Zhemu.

Some companies in the mining sector such as Caledonia Mining, have started generating their own electricity.

 

 

The Chronicle

Gvt to ban the ownership of metal detectors without a license

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The government is crafting a new law to ban the ownership of a metal detector without a license, a move that has been welcomed as this will stem land degradation and veld fires reportedly caused by illegal gold miners.

Two weeks ago, 10 men were burnt to death in Esigodini while trying to fight a veld fire at Red Rose Farm.

The veld fire is alleged to have been started by illegal miners who clear land to use metal detectors in search of the precious metal.

According to the Environment Management Agency, veld fires in Zimbabwe have so far killed 18 people.

The fire season started on July 31 and ends on November 30.

The increase in deaths can be attributed to the upsurge in fire incidences as by last week Thursday, there were 5 386 recorded fires that destroyed 1 244 227,34 hectares, which is an increase of 58,6 percent compared to the same period last year.

During a memorial service at the farm where 10 lives were lost in Esigodini on Friday last week, the Minister of Environment, Climate, Tourism and Hospitality Industry, Nqobizitha Ndlovu said owning metal detectors will soon be illegal if one does not have a license.

“We met on Wednesday with the different arms of Government such as the CPU, Ministry of Agriculture and Ministry of Mines. It was resolved that owning a metal detector should be licensed by the Ministry of Mines.

It’ll be illegal to own one without a mining license,” said Minister Ndlovu.

The 10 men were recently laid to rest at their respective rural homes.

Following the remarks by Minister Ndlovu, Zimbabwe Miners Federation (ZMF) chief executive officer Mr. Wellington Takavarasha said it is important for the sector to be formalised.

“We have been lamenting about formalisation of the industry because this will help protect particular areas where mining activities happen and also ensure there’s no haphazard mining.

“We need to know who is in a particular area and this is only possible when the industry is formalised,” said Mr Takavarasha.

He said metal detectors are used mostly for alluvial mining and most of those using detectors operate at night to avoid arrest.

Zimbabwe Diamond and Allied Minerals Workers Union (ZDAMWU) secretary-general Mr Justice Chinhema said there is a need to regularise the mining sector.

“We are in agreement with the Government on the need to regulate artisanal miners. We have seen so many bad things happening, pits have been created everywhere including farming areas,” said Mr Chinhema.

He said the Esigodini fire was probably started by artisanal miners as they cleared the land for detectors.

“As ZDAMWU we have been calling for formalisation of all mining activities in order to protect the environment,” said Mr Chinhema.

He said although the organisation has been engaging small-scale miners, more can be done.

“We on our side are engaging the artisanal miners through education and training on safe mining and ways to protect the environment. Government on its part should formalise all the mining activities so that miners are made accountable for their activities,” said Mr Chinhema.

The Chronicle

Association Of Mine Managers of Zimbabwe (AMMZ)

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The Association Of Mine Managers of Zimbabwe (AMMZ) was formed in 1972 to advance the science and practice of Mining and supporting disciplines such as Survey, Geology, and Metallurgy.

The AMMZ is a platform for information exchange and dissemination on good practices and seeks to promote the study and growth of Mining and allied disciplines.

The Association of Mine Managers of Zimbabwe provides a platform for mining industry professionals to among other things discuss and share information, Mining and Mineral Policy, Technology, Innovation, Safety, Health and Environment, Sustainable Mining, ESG, and Mining Operations. It is the biggest consortium of large-scale Mine Managers in Zimbabwe.

The organization is famed as the top knowledge hub for professional and responsible Mining in Zimbabwe.

THE OBJECTIVE OF THE AMMZ

  1. To be an Association of those concerned with the practical aspects of Mine Management.
  2. To advance the science and practice of mining and allied disciplines in Zimbabwe.
  3. To discuss matters affecting the management of mines and to make recommendations thereon.
  4. To hold meetings of members from time to time for the purpose of interchange and dissemination of knowledge of mining and allied disciplines.
  5. To encourage and promote the study of mining and allied disciplines.
  6. To arrange for the furtherance of the above objects through speakers, films, and other media at meetings of the Association.
  7. To do all things which further the attainment of the above objects or the interests of members and of the mining industry generally.

Get in touch with the Association Of Mine Managers of Zimbabwe (AMMZ)

Location: 20 Mount Pleasant Drive, Mount Pleasant, Harare, Zimbabwe

Call: +263 (242)334517 (242)334507 | +263 782 708 397

Whatsapp: +263 77 430 0662

Hwange community welcomes Tiger Wheel and Tyre

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The Hwange Mining Community welcomed Tiger Wheel and Tyre in the coal mining town as it will proffer correct support services in the wheel and tyre area to assist Hwange Colliery and the mines around.

Rudairo Mapuranga

In it’s rebranding exercise Tiger Wheel and Tyre, a leader in the tyre automotive industry, has given its store a refreshing look which matches world-class standards and comes with a facelift for the entire Hwange town.

Speaking at the Official Opening of the store in Hwange last week, Hwange Colliery Company Limited Managing Director Mr Blake Mhatiwa said the coming in of Tiger Wheel and Tyre in Hwange is important to the growth of the mining industry as it will bring tyre and wheel solutions at the doorstep of mines.

“Being a mining community, I am sure you can imagine how important it is for every one of us to always be on the go and have the correct support service in the area to assist Hwange Colliery and the mines around with their production. This investment by Tiger Wheel and Tyre Zimbabwe is a very welcome investment to the business community of Hwange and the surrounding areas and the National Park. They will now be able to help keep our communities mobile, safe and ensure efficiency in our operations through the provision of high-quality tyres and related services at affordable prices at our doorstep.

“I have been taken on a tour around the store and I noticed the latest modern equipment in tyre fitment, balancing, 3D computerized wheel alignment and the Nitrogen for Passenger vehicles, Trucks, Buses and I can undoubtedly conclude that all this comes together to define excellent and expert service plus safety for our drivers,” Mhatiwa said.

A local businessman in the town, Tinashe Mungofa of Justride Hardware commended Tiger Wheel and Tyre for recognizing the growth of Hwange by coming in to offer support services.

“The coming of Tiger wheels is something that the town wanted, it will actually open more opportunities for the town. It will also help small entrepreneurs grow,” Mungofa said.

Lennon Magaya from  Roadcraft driving school said he was excited to see Tiger Wheel and Tyre coming to Hwange as it has been his preferred choice for tyre and wheel solutions.

“Now that Tiger Wheels have come to our close proximity, we are happy as a town,” Magaya said

Of workers’ conditions at Arcadia lithium and recommendations

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Recently they were reports of ill-treatment of workers and terrible working conditions at Prospect Lithium Zimbabwe (PLZ)‘s Arcadia lithium project in Goromonzi.

Rudairo Mapuranga

Allegations were that Crec9 a plant construction company contracted by Prospect Lithium Zimbabwe to install one of Africa’s biggest lithium processing plants at the mine that employs over 800 people was subjecting workers to deplorable living conditions.

It has been reported that workers at the lithium mining project were living in dusty metal houses, with no floor or ventilation. Reports also stated that there were no toilets and bathrooms at the workers’ houses with toilets only found 800m away.

It has also been reported that employees were working overtime working for up to 14hrs a day while getting only one meal around 11 am with the meal also being very unbalanced.

There were also allegations of unlawful dismissal of workers and lack of protective clothing with new workers getting PPE after a month. There also were allegations of abuse of women at the mine project by their Chinese employers.

What is on the ground?

On Thursday Mining Zimbabwe visited the Goromonzi-based lithium project to get facts on the matter. It has indeed been noted by this reporter that workers were living in metal houses however allegations that the houses were dusty and with no ventilation could not be established. The reporter however discovered that it was true that the employees were using bathing rooms and toilets that were a bit far from where they were staying. However, there was already a constructed block with bathrooms and toilets that was ready to be used.

When asked about the living conditions, plant construction Operations Manager Mr Gang Min Zhao said that the project was still under construction and that indeed the mine was going to build proper housing structures for its employees. He said Crec 9 as a construction company was there to build houses for Arcadia lithium mine employees, therefore, the houses in which workers are staying were make-shift for the period of construction like at most construction areas. He also said that the workers were not expected to be staying at the project premises since they made it clear Crec9 was not going to provide them with accommodation. He said living at the premises was optional as workers are supposed to return to their respective homes after working hours.

“The houses that the employees are living in are temporary, they are not permanent structures as our duty here as Crec9 is to construct a lithium processing plant and houses for employees of the mine. We are expecting to be done with the construction of the plant by year-end.

“For our employees to be living here is optional where maybe they feel that they want to stay, that’s why we built these temporary shelters after some workers approached us that they sometimes wanted to stay behind as they were coming from distant places with no good road networks. When we constructed the metal houses we overlooked the necessity of constructing bathrooms and toilets nearby. We have however rectified that as you can see from today the employees who will be staying behind have a nearby place to bath,” Mr Zhao said.

On employees working overtime and getting an unbalanced diet, the reporter employed both visual analysis and interviews. The reporter observed that the meal that the workers were having on the day of the investigation was balanced, eating sadza or rice with beef and veggies. Interviewing a randomly picked employee at the mine named Tonde, he said that working hours at the mine were flexible as no one was forced to work overtime, those who were opting to work overtime were doing so because it comes with better benefits than working normal hours (8hrs). He said the food they were getting was just a normal meal that they are used to eating. He said those who stay for overtime are also given a meal in the evening.

“My brother, this is one of the best workplaces I have ever worked in. The meals are good, actually the normal meal that you eat at your house. We have flexible working hours here, we decide with our supervisors what we want to do either working normal hours or overtime. There are a lot of benefits of working overtime so most of us are always asking our supervisors that we continue working because overtime money is a bit good than normal. When we decide to stay here for overtime we are also fed our supper here, a good one too.

“Yes I have heard allegations that we are not being treated fairly, fairly is objective my brother, but to say the conditions are bad I would be lying the conditions here might not be that good but not inhumane, this is a construction site have you ever seen a construction site with hotel-like accommodation,” he said.

This publication also found out that allegations of workers not having protective clothing could not be established as all the workers were in their protective gear.

On workers being fired baselessly, this publication established that most of the workers signed a one-month contract which the employer would choose not to renew due to different reasons. This has led some workers whose contracts could not be renewed to accuse the miner of unfair dismissals.

On sexual assault of women, the reporter established that while there is an isolated case of a woman who is alleging to have been sexually assaulted by a Chinese national, this is not the case with all other women working at the construction site.

Recommendations

The allegations of slavery-like treatment at the mine which is poised to become one of the biggest lithium mines in Africa could bring more problems to the country as it harms how lithium consumers would regard lithium produced in Zimbabwe in terms of responsible sourcing. While it is pertinent that workers’ unions and workers red flag companies that are not treating their workers well, it should be done responsibly without exaggerations as this may lead to our minerals being red-flagged by markets.

While it is true that some salaries are not enough for workers, the National Employment Council (NEC) should be taken to task for putting structures that can lead to the exploitation of labour. It is of importance that NEC consults all worker’s Unions before putting salary structures for workers as this has oftentimes seen workers being disadvantaged.

There has been a rise of allegations of sexual assaults in mining areas, with most of the cases more often than not being used for activism than taken through the courts of law. The reporter, recommends that cases of sexual assault should be reported to the Zimbabwe Republic Police (ZRP). Organisations that empower women should constantly educate women to report cases of sexual assault.

The reporter has discovered that there is a language barrier between Chinese Nationals and Zimbabweans, it is of extreme importance to bridge that gap. The reporter recommends that all foreign nationals coming into Zimbabwe be able to communicate in at least one local language. This will bring language barriers or loss in the translation of words as the situation is at most Chinese mines. In this digital age, Chinese supervisors can also make use of language-translating Mobile Applications like Google Translate which translates over 108 languages.

A supervisor will give an order to an employee in Chinese with one interpreter interpreting it into English while another will then translate it into Shona. This chain of translation will lead to the message ending to the user distorted and potentially inaccurate.

For construction companies, it is important not to overlook certain aspects when it comes to employees’ welfare as this will cost them their reputation. Construction companies can simply eradicate the challenge of accommodation by simply providing a bus that transports workers to and from work from a central point like Goromonzi (a distance of 13,6km) in this instance.

There is also a need to bridge the cultural gap between Chinese Nationals and local people, while the Chinese would not mind staying in quarters that have toilets at a distance local people would find that as abuse. Organisations that deal with cultural exchange to educate Chinese Nationals about the country’s work ethics.

The Portfolio Committee on Mines and Mining Development should also step in and visit these Chinese-owned mines for fact-finding.

Arcadia to commence production first quarter of 2023

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Hongkong Stock Exchange-listed battery metal producer, Zhejiang Huayou Cobalt through its newly acquired company, Prospect Lithium Zimbabwe (PLZ) plans to commence production at its Arcadia lithium Project in Goromonzi during the first quarter of 2023, PLZ General Manager Haijun Zhu said.

Rudairo Mapuranga

In May, PLZ announced that it was going to invest $300 million on the rapid development of the lithium mine and processing plant at its  Arcadia project with construction currently underway. The company that was contracted by PLZ to construct the processing plant Crec9 said it will finish construction of the processing plants and other buildings by the end of the year.

Speaking to Mining Zimbabwe Zhu said his company as it was prepared to contribute significantly towards the attainment of the US$0.5 billion lithium industry which was going to commence production during the first quarter of next year.

“The first season of next year we will start production,” Zhu said.

PLZ processing plant at the Arcadia Lithium project will have the capacity to treat around 4.5 million tonnes of ore and produce 400,000 tonnes of lithium concentrate per annum.

Huayou, one of the world’s biggest producers of cobalt, early this year completed a US$$422 million purchase of the hard-rock lithium mine just outside Harare (in Goromonzi) from Australia-listed Prospect Resources and other Zimbabwean minorities.

Zimbabwe is determined to benefit significantly from the popularity of lithium as it eyes becoming the world’s biggest “white gold” producer after 2023.

With the world superpowers committed to phasing out new gasoline and diesel engine vehicles by 2040, the recent growth in electric vehicle (EV) adoption has fueled a global boom in lithium production.

The adoption and rise in popularity of EVs and the world looking forward to clean energy has resulted in world lithium production increasing significantly between 2016 and 2020, up from 40,000 tonnes to 86,300 tonnes.

Currently, three countries, Australia, Chile, and China are accountable for 86 per cent of the world’s lithium production. Between 1995 and 2010 Lithium production grew steadily, up from 9,500 tonnes to 28,000 tonnes. But the advent of rechargeable batteries and electric vehicles brought in a new wave of demand, fueling an exponential production surge.

Australia currently is the world’s biggest lithium producer accounting for 46.3 per cent of the total lithium production, 40,000 tonnes.

According to the Deputy Minister of Mines and Mining Development Dr Polite Kambamura, the government’s thrust is to overtake Australia as the biggest lithium producer in the world.

He said that the value addition of lithium is important as the country seeks to maximize and get a true value for its lithium.

“We look forward to becoming a world leader in Lithium production. Government’s main thrust is on local Lithium value addition and beneficiation.” Dr Kambamura said.

In 2021 the country was the 6th biggest lithium producer in the world after Australia, Chile, China, Argentina and Brazil with only Bikita Minerals in production.

The production of lithium in Zimbabwe amounted to 1,200 metric tons in 2021. Figures have fluctuated in the period of consideration, with peak production of 1,600 metric tons recorded in 2018 and a low of just 417 metric tons in 2020.

Kamativi Lithium Project Update

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CAT Strategic Metals Corporation (CSE:CAT, OTC:CATTF, FRA:8CH) (‘CAT’ or the ‘Company’) wishes to report that there have been numerous recent shareholder enquiries regarding the Company’s ownership interest in the Kamativi Lithium Tailings Project (the ‘Project’), located in Northwest Zimbabwe. In 2018, through an earn-in process, CAT acquired an 18.9% interest in Zimbabwe Lithium Company (Mauritius) Limited (‘ZIM’), which has the development rights for the Kamativi Lithium Tailings Deposit at the currently defunct Kamativi Tin Mine; the mine began production in 1936 and ceased operations in 1994 due to low tin prices and falling ore grades. ZIM, in turn, holds a 100% interest in Zimbabwe Lithium Company (PVT) Ltd (‘ZLC’) (formerly Jimbata (Pvt) Ltd). The Kamativi Tailings Project is a joint venture (‘JV’) between the Zimbabwe Mining Development Corporation (‘ZMDC’), owners of Kamativi Tin Mines – which holds 40% of the Project, and ZLC – which holds a 60% interest.

The Kamativi Tailings Project is a man-made deposit that was generated as a site for the containment of tailings produced during the processing of tin mineralization at the Kamativi Tin Mine. The tailings were deposited over a 58-year production period and are derived from the mining and processing of mineralized tin bearing lithium-caesium-tantalum pegmatites. Spodumene is the main lithium mineral present and historical estimates of the size and lithium content of the deposit – coupled with the most recent work undertaken by the Company in 2018 – indicate that there is lithium mineralization of economic interest.

In the fall of 2018, the Company published a Technical Report prepared by MSA Group (Pty) Ltd that was prepared in accordance with the disclosure and reporting requirements set forth in National Instrument 43-101 Standards of Disclosure for Mineral Projects (‘NI 43-101’), Companion Policy 43-101CP, Form 43-101F1, and the CIM Definition Standards for Mineral Resources and Mineral Reserves adopted by the CIM Council on May 10, 2014. Contained in the Technical Report was a Mineral Resource Estimate Statement as follows:

At the time the Company acquired its interest in the Kamativi Lithium Project in 2018, prices for battery grade lithium carbonate were ~ USD$14,000 per ton on the world market. In 2022, prices have increased significantly to a recent high of ~ USD$73,000 per ton; roughly a 500% increase (source: U.S. Geological Survey). The supply and demand issues effecting current lithium prices suggest that the Kamativi Lithium Tailings Deposit has dramatically increased in value and is one of the catalysts for renewed development interest in the project by all stakeholders.

Since the Office of the Permanent Secretary of Mines and Mining Development approved the entering into of the Joint Venture on the 4th of July 2017 between ZIM’s subsidiary and ZMDC, and the subsequent value add of the project through the publication of the NI 43-101, there have been attempts by outside parties to frustrate the development of the Project through posturing in the Zimbabwe court system, which has contributed to the delay in the development of the Project. This is despite the fact that the Project was included under the Zimbabwe Government’s 100 Days Rapid Results Initiative as a project of national interest. The Project is still proceeding through the judicial process, CAT and it’s Project Partners believe there is a strong legal standing and will continue pursuing the development of the Project.